PNC Financial Services Group Inc. Has $1.70 Million Stock Holdings in Smurfit Westrock PLC $SW

PNC Financial Services Group Inc. trimmed its holdings in Smurfit Westrock PLC (NYSE:SW) by 24.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,063 shares of the company’s stock after selling 14,405 shares during the period. PNC Financial Services Group Inc.’s holdings in Smurfit Westrock were worth $1,704,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Sound Income Strategies LLC grew its position in Smurfit Westrock by 79,790.6% in the fourth quarter. Sound Income Strategies LLC now owns 127,825 shares of the company’s stock worth $5,459,000 after acquiring an additional 127,665 shares in the last quarter. BIP Wealth LLC bought a new stake in Smurfit Westrock in the fourth quarter worth approximately $2,412,000. Tounjian Advisory Partners LLC bought a new stake in Smurfit Westrock in the third quarter worth approximately $958,000. Exane Asset Management grew its position in Smurfit Westrock by 35.4% in the third quarter. Exane Asset Management now owns 345,393 shares of the company’s stock worth $14,703,000 after acquiring an additional 90,233 shares in the last quarter. Finally, Barclays PLC grew its position in Smurfit Westrock by 152.2% in the third quarter. Barclays PLC now owns 5,269,743 shares of the company’s stock worth $224,333,000 after acquiring an additional 3,180,531 shares in the last quarter. 83.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on SW shares. JPMorgan Chase & Co. decreased their target price on shares of Smurfit Westrock from $64.00 to $62.00 and set an “overweight” rating for the company in a research report on Friday, May 1st. Jefferies Financial Group set a $58.00 price objective on shares of Smurfit Westrock in a report on Thursday, February 12th. Zacks Research raised shares of Smurfit Westrock from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Morgan Stanley reaffirmed an “overweight” rating and set a $57.00 price objective on shares of Smurfit Westrock in a report on Wednesday, May 6th. Finally, Barclays decreased their price objective on shares of Smurfit Westrock from $54.00 to $52.00 and set an “overweight” rating for the company in a report on Thursday, May 21st. Eleven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Smurfit Westrock currently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

Smurfit Westrock Price Performance

Shares of Smurfit Westrock stock opened at $39.96 on Thursday. Smurfit Westrock PLC has a fifty-two week low of $32.73 and a fifty-two week high of $52.65. The company has a market cap of $20.96 billion, a PE ratio of 55.50 and a beta of 0.95. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.44 and a quick ratio of 0.95. The firm has a fifty day moving average price of $39.87 and a two-hundred day moving average price of $40.45.

Smurfit Westrock (NYSE:SW) last announced its quarterly earnings data on Thursday, April 30th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $7.71 billion during the quarter, compared to analyst estimates of $7.57 billion. Smurfit Westrock had a net margin of 1.22% and a return on equity of 4.96%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.74 EPS. Analysts expect that Smurfit Westrock PLC will post 2.32 EPS for the current year.

Smurfit Westrock Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 15th will be paid a dividend of $0.4523 per share. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.81 annualized dividend and a yield of 4.5%. Smurfit Westrock’s dividend payout ratio (DPR) is presently 251.39%.

Smurfit Westrock Company Profile

Smurfit Westrock Plc, together with its subsidiaries, manufactures, distributes, and sells containerboard, corrugated containers, and other paper-based packaging products in Ireland and internationally. The company produces containerboard that it converts into corrugated containers or sells to third parties, as well as produces other types of paper, such as consumer packaging board, sack paper, graphic paper, solid board and graphic board, and other paper-based packaging products, such as consumer packaging, solid board packaging, paper sacks, and other packaging products, including bag-in-box.